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Petrobras Activists Winning Fuel Battle Signal New Tone

Bloomberg

Petroleo Brasileiro SA (PETR4) minority shareholders are poised to secure their first victory after winning a board seat in April. Months of lobbying by investors led by Aberdeen Asset Management Plc (ADN) spurred Energy Minister Edison Lobao’s assurance on Oct. 14 the government would let state-run Petrobras raise gasoline prices, after fuel subsidies caused 6.77 billion reais ($3.15 billion ...

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